3hsfa00Foreign Affairs Committee2House floor actionsReferred to the House Committee on Foreign Affairs.H111002013-07-25IntroReferral9Library of CongressIntroduced in HouseIntro-H2013-07-25IntroReferral9Library of CongressIntroduced in House10002013-07-25IntroReferral1112013-07-252013-07-2500Introduced in House2013-09-11T15:40:17ZPrioritizing Debt Reduction in U.S. Foreign Assistance Act of 2013 - Expresses the sense of Congress that: (1) the growing federal debt jeopardizes U.S. national security and economic stability, and (2) paying money owed to America's major foreign debt holders is a better use of American taxpayer dollars than providing such debt holders with foreign assistance.

Amends the Foreign Assistance Act of 1961 to prohibit, with specified exceptions, assistance to any country whose government holds more than $500 billion in U.S. Treasury securities.

Directs the Secretary of State to report to Congress on the provision of U.S. foreign assistance to countries whose governments hold U.S. Treasury securities.

]]>Introduced in House2013-07-25T04:00:00ZBudget deficits and national debtCongressional oversightForeign aid and international reliefSecuritiesInternational Affairs2830International AffairsRTXM00115781661804McCaul10T.MichaelM001157Rep. McCaul, Michael T. [R-TX-10]By Mr. McCAUL:H.R. 2830.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 2.[Page H5089]]]>Prioritizing Debt Reduction in U.S. Foreign Assistance Act of 2013Short Titles as IntroducedTo prohibit assistance to foreign countries whose governments hold more than $500,000,000,000 in United States Treasury securities, and for other purposes.Official Title as IntroducedPrioritizing Debt Reduction in U.S. Foreign Assistance Act of 2013Display Title2016-10-25T16:06:19Z113HR2013-07-25Referred to the House Committee on Foreign Affairs.2013-07-26T05:52:56ZPrioritizing Debt Reduction in U.S. Foreign Assistance Act of 2013HouseHouseStandinghsfa00Referred to2013-07-25T13:02:25ZForeign Affairs Committeetext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.